New York – September 8, 2009 – Debevoise & Plimpton LLP is advising Sithe Global Power, LLC (“Sithe Global”) in a strategic partnership with subsidiaries of Chubu Electric Power Company, Inc. (“Chubu”) and Toyota Tsusho Corporation (“TTC”). Sithe Global’s wholly-owned affiliate, Goreway Luxembourg Holdings S. ar. L., (“Goreway Luxco”), has sold 25% ownership stakes in its Goreway station, an 875MW combined cycle power generating facility that recently commenced commercial operation in Brampton, Ontario (“Goreway Station”), to each of Chubu Electric Power Goreway B.V., a wholly-owned subsidiary of Chubu, and Toyota Tsusho Goreway Netherlands B.V., a wholly-owned subsidiary of TTC. Goreway Luxco will retain a 50% ownership stake in the Goreway Station, and Sithe Global’s Canadian operating services affiliate will continue to provide operations and maintenance services to the project.
Sithe Global is a privately held international independent power development company. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, Washington D.C., London, Paris, Frankfurt, Moscow, Hong Kong and Shanghai.
The Debevoise team was led by partner Sarah A.W. Fitts and Robert F. Quaintance and included partner Gary M. Friedman, counsel Huey-Fun Lee and associates Naomi Aoyama, Benjamin P. Lesnak and Brita Siepker.
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